2013-01-21
2013-01-29
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. meanwhile, speaking of nbc's meet the press yesterday, charles schumer says the senate will pass the budget for the first time in three years, but he stressed the plan will include opposition by new revenue. it would seem as though the markets are reading this favorably. talking about pushing this issue three months down the line, how positive of an outcome is that? >> i don't feel comfortable about that. my concern is you keep on pushing it back, the market feels good for the first couple of months, but then it knows it has the problem coming for june and then september. so i think this would be a very, very dangerous outcome. but probably lurking in the background for the u.s., as it lurk he in the background for the eurozone, as well, it's not just about the debt ceiling, they have to get the debt down. the debt ceiling may get raised, but it's not being tackled long-term. >> it seems every single time consistently we get the opposite outcome. which means some areas are consistent and it raises debt levels going forward. >> it seems to me as though we can't fix this one because democrati

's no way we'll get rid to balance, get rid of the 16 trillion debt in ten years, senator schumer in response to the debt limit talks said the gop, this is a quote, the gop is in full retreat on fiscal policy. >> you know, first of all, i don't think that's kind of remarks are very helpful. i mean, we have done about two and a half years of very consistent work focused on trying to get the fiscal outlook straight. you know, all the talk here in davos when i'm asked what's going on in washington, is washington finally going to get its act together to fix the fiscal chal snengs. >> we heard the president in the inauguration, what was his take? >> his speech was aimed at a political constituency. i assume he felt he needed to address. many of the things he mentioned aren't going anywhere in the u.s. congress and i think he knows that. i think that if we demonstrate the ability to move forward on some of the vexing issues that have really been dominating the news coverage, i think it will send a signal to so many people waiting to launch. as you've reported consistently, there's a lot

, it sort of blows my mind when i look at the roster here. we have chuck schumer of new york, we have dick durbin of illinois, robert menendez of new jersey. and on the other side, we have serious conservatives like jeff lake and marco rubio. left/right coalition on immigration, mark. how does that work? >> i think it speaks to the ideological diversity of our country and, actually, the evolution of the senate now. and, you know, you see senate republicans that used to treat compromise like a dirty word and now they're coming out and putting forward a proposal with their democratic colleagues that to a large degree mirrors the key principles that the president has identified. i do agree this is a golden opportunity for senators like marco rubio and with the other guests that mentioned that, but i do disagree that the president hasn't shown leadership here. he has been talking about comprehensive immigration reform as a key priority of the first, you know, as the beginning of the second term. so i think that what the senate democrats and republicans have done is gotten out in front and tryi

sides senate to build on those efforts. >> what do you think happened at that gop retreat? schumer made jokes yesterday they had soft music and massages and so forth. but why -- do you feel that they took a step back in demanding one for one and giving us these three months to address reform? >> i'm not sure i can anticipate what happened at the retreat, but i do think there's a sense of urgency to deal with a lot of major fiscal challenges that we have. i think that's bipartisan. i think it comes to the question of default, democrat or republicans, you have to weigh the consequences, the gravity of fee fault and as verse impact you could have. i think that was part of what was discussed at their retreat, good development. i don't like the fact that we have another challenge coming up in may, but this is certainly preferable to a late february or early march fight that would be -- that would be very difficult. >> yeah. a couple nitty-gritty questions. obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think tho

. chuck schumer this weekend says, trust us, we're going to pass a budget. they haven't passed a budget in the last four years. so this bill today moving out of the house will force the senate to act, which is something they have not done in the past four years. >> right. finally, congressman, for the most conservative republicans who say even a three-month extension to may 19th is wrong, are you trying to back them off of that ledge and say we need to speak with a unified voice and at least get this done even if it is a short term? >> yeah. look, i think the reason why jim jordan, the former chairman of the roc, the current chairman of the roc, the republican study committee that's the most conservative members of the republican chamber, they have all endorsed this because they realize that if you really want to fix the debt, if you really want to cut spending, you have got to do big things. it can't just be little cuts here and there. so they agree with the strategy here, which is really to move beyond the debt limit discussion right now that we're having and get to the budget discuss

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